The Meads

Asset Type

Retail

Address
The Meads Farnborough, Hampshire United Kingdom GU14 7RT
Asking Price

Contact for pricing

Sq Footage

186,716

Year Built

2010

Cap Rate

N/A

Additional Attributes

Property Description

The property, which was constructed in 2010, comprises of nine prominent and well-configured retail units, a gym, bingo hall, hotel and pub.

The property accommodates a total of 186,716 sq ft of retail space arranged over the ground and first floors. All tenants use the ground floor as their main sales area and the first floor as ancillary accommodation, excluding New Look who also use part of their first floor as a sales area.

The property also benefits from 70 residential units, for which long leasehold interests have been sold for terms of 122 years from August 2011 (45 units to individual parties) and March 2012 (25 units to Thames Valley Charitable Housing Association).


Investment Highlights

  • Farnborough is a highly affluent South East Town
  • Strategically located between two shopping centres, generating significant footfall
  • Direct train service to London Waterloo in 34 minutes
  • 100% prime retailing location on the pedestrianised The Mead
  • Long WAULT of 9.9 years to expiry and 9.6 to tenant break options (excluding the residential ground rents)
  • A recently developed building providing well configured retailing space
  • Secured to national multiple retailers with strong covenants
  • Situated adjacent to a large development site, which will comprise further retail, leisure and residential space
  • Prime freehold parade with some elements sold off a long leasehold

Listing Contacts
Jonathan Heptonstall
Jonathan Heptonstall
Director - Retail Investment
+65 3159 4021
Christopher Robinson
Christopher Robinson
Director
+65 3159 4021
Interested in this property?

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.